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Buy HDFC and Sell M&M

Reliance Securities | 08 Jan, 2018  | Follow Author | Add to my Favourites 
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HDFC Ltd closed 1.5% higher outperforming benchmark NIFTY  index by 1% with sharp surge in volume

We continue to continue to recommend BUY recommendation  on the stock with a SOTP-based Target Price of Rs1,995.

Positional Pick


For today’s trade, long position can be initiated at 665-670 for target  of Rs 720 with a strict stop loss of Rs 645.

Intraday Picks


For today’s trade, long position can be initiated at Rs 586-583 for  target of Rs 599 with a strict stop loss of Rs 580. Traders are advised  to avoid early morning whipsaw.

M&M (LTP: 756) SELL

For today’s trade, short position can be initiated at Rs 762-765 for target of Rs 741 with a strict stop loss of Rs 771. Traders are advised  to avoid early morning whipsaw.
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741.55 +6.50
740.75 +5.90
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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.


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